Gemmer Asset Management LLC Purchases New Position in iShares MSCI Emerging Markets ETF $EEM

Gemmer Asset Management LLC acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,268 shares of the exchange traded fund’s stock, valued at approximately $1,250,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of iShares MSCI Emerging Markets ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after purchasing an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 102.7% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares during the period. Hsbc Holdings PLC grew its stake in iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after buying an additional 2,823,265 shares during the last quarter. National Bank of Canada FI grew its stake in iShares MSCI Emerging Markets ETF by 21,534.1% in the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after buying an additional 1,969,944 shares during the last quarter. Finally, Duquesne Family Office LLC bought a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth $101,460,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $68.48 on Thursday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $51.50 and a fifty-two week high of $71.57. The firm has a fifty day moving average price of $65.85 and a two-hundred day moving average price of $64.18. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

iShares MSCI Emerging Markets ETF Company Profile

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.